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BMO lowers Paychex price target to $113 after mixed earnings and slowing sales growth

Analyst Insights
24 Sep 2026
Tony Dante
View Source
Bearish
BMO lowers Paychex price target to $113 after mixed earnings and slowing sales growth

BMO Capital analyst Daniel Jester lowered the price target for Paychex to $113, reflecting caution despite the company's slight earnings beat with $1.63 billion revenue and $1.34 non-GAAP EPS. The stock dropped 8.77% as investors focused on lower GAAP earnings of $1.21 per share, reduced free cash flow, and slowing sales growth. Paychex provides HR and payroll services for small to medium businesses, and the revised target suggests moderate upside from the current $104.49 share price amid concerns about core segment performance.

Paychex (PAYX) holds a market cap of $37.20 billion and offers a dividend yield of 4.56% on Pluang as of September 24, 2026, 20:47 WIB. Despite the recent analyst price target cut and a slight earnings beat, the stock price remains stable at $104.45 with a minimal 1-day change of -0.04%. Trading volume is robust at 8,088,942 shares, with a balanced Pluang order activity showing 44% sell and 56% buy interest, reflecting steady investor engagement amid mixed earnings signals.

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